Public Employees Retirement Association of Colorado increased its position in shares of Aramark (NYSE:ARMK) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,642 shares of the company’s stock after buying an additional 1,547 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Aramark were worth $2,122,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after buying an additional 483 shares during the period. Cerebellum GP LLC bought a new stake in Aramark during the 4th quarter worth approximately $127,000. Advisor Group Inc. increased its holdings in Aramark by 85.7% during the 3rd quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after purchasing an additional 1,542 shares in the last quarter. SG Americas Securities LLC increased its holdings in Aramark by 54.9% during the 4th quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after purchasing an additional 1,401 shares in the last quarter. Finally, Highlander Capital Management LLC bought a new stake in Aramark during the 3rd quarter worth approximately $203,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on the company. Royal Bank of Canada reissued a “buy” rating and set a $50.00 price objective on shares of Aramark in a report on Wednesday, February 7th. Morgan Stanley boosted their price objective on Aramark from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Credit Suisse Group reissued an “outperform” rating and set a $50.00 price objective on shares of Aramark in a report on Wednesday, January 24th. Barclays boosted their price objective on Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Saturday, December 30th. Finally, Stifel Nicolaus assumed coverage on Aramark in a report on Tuesday, December 19th. They set a “buy” rating and a $50.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.00.
Shares of Aramark (NYSE ARMK) opened at $42.51 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.09 and a current ratio of 1.40. The company has a market capitalization of $10,115.97, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.72 and a beta of 0.51. Aramark has a twelve month low of $35.44 and a twelve month high of $46.09.
Aramark (NYSE:ARMK) last released its earnings results on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.88 billion. Aramark had a return on equity of 18.68% and a net margin of 3.65%. Aramark’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. sell-side analysts predict that Aramark will post 1.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, February 13th. Aramark’s dividend payout ratio is presently 19.53%.
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Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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